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The Indian Rupee Tumbles as Rates Remain Stable

The Indian Rupee Tumbles as Rates Remain Stable

The Indian Rupee hit a fresh all-time low nearing 75-Rupee to the US dollar following a move from the Reserve Bank of India that generated volatility.  The RBI left interest rates unchanged instead of attempting to calm trader anxiety by raising rates (which could have made the Rupee more attractive). …

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